ZipRecruiter (NYSE:ZIP) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

ZipRecruiter, Inc. (NYSE:ZIP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.38 and traded as high as $4.05. ZipRecruiter shares last traded at $3.9650, with a volume of 923,647 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ZIP shares. The Goldman Sachs Group lifted their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group raised their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ZipRecruiter presently has an average rating of “Hold” and a consensus price target of $4.17.

ZipRecruiter Price Performance

The company’s fifty day moving average price is $4.27 and its 200 day moving average price is $3.39. The company has a market cap of $314.45 million, a PE ratio of 10.93 and a beta of 1.44.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. On average, analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling

In other ZipRecruiter news, EVP Amy Garefis sold 7,819 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $5.15, for a total value of $40,267.85. Following the completion of the transaction, the executive vice president owned 207,108 shares in the company, valued at $1,066,606.20. This represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 24,706 shares of ZipRecruiter stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the sale, the chief financial officer owned 1,245,763 shares in the company, valued at $3,724,831.37. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 133,599 shares of company stock worth $481,830. 19.85% of the stock is owned by company insiders.

Institutional Trading of ZipRecruiter

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its position in ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after buying an additional 428,232 shares in the last quarter. Militia Capital Management LLC bought a new position in ZipRecruiter in the 1st quarter worth about $399,000. Readystate Asset Management LP purchased a new stake in shares of ZipRecruiter in the 1st quarter valued at about $347,000. Sei Investments Co. purchased a new stake in shares of ZipRecruiter in the 1st quarter valued at about $140,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ZipRecruiter during the 2nd quarter valued at about $241,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.